Deals31 Jul 2025, 07:14 pm
Paradeep Phosphates Wins 75,000 MTPA Green Ammonia Allocation in SECI's First Auction
AI Summary
Paradeep Phosphates Ltd has been allocated 75,000 metric tonnes per annum (MTPA) of Green Ammonia under the first auction conducted by the Solar Energy Corporation of India (SECI). This allocation is part of the Government of India’s National Green Hydrogen Mission, under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme. The auction achieved a historic price discovery of 55.75 per kilogram (approximately USD 641 per metric tonne) for Green Ammonia. This development marks a significant step towards the Company’s decarbonisation and clean energy transition roadmap.
Key Highlights
- Paradeep Phosphates Ltd has been allocated 75,000 MTPA of Green Ammonia under the first auction conducted by SECI
- The allocation is part of the Government of India’s National Green Hydrogen Mission, under the SIGHT Scheme
- The auction achieved a historic price discovery of 55.75 per kilogram for Green Ammonia
- This development represents a significant step towards the Company’s decarbonisation and clean energy transition roadmap
- The price discovery is approximately USD 641 per metric tonne